PHILADELPHIA (AP) - Comcast Corp. (CMCSA) on Tuesday reported third-quarter net income of $2 billion.
PHILADELPHIA (AP) — Comcast Corp. (CMCSA) on Tuesday reported third-quarter net income of $2 billion.
On a per-share basis, the Philadelphia-based company said it had net income of 80 cents.
The results matched Wall Street expectations. The average estimate of 24 analysts surveyed by Zacks Investment Research was also for earnings of 80 cents per share.
The cable provider posted revenue of $18.67 billion in the period, which topped Street forecasts. Twenty-three analysts surveyed by Zacks expected $17.97 billion.
Comcast shares have risen 7 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 1 percent. The stock has climbed 15 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCSA at http://www.zacks.com/ap/CMCSA
Keywords: Comcast, Earnings Report, Priority Earnings